RED PLANET HOTELS ANNOUNCES PARTNERSHIP WITH 4OCEAN

TOKYO – Red Planet Hotels Limited will become the first hotel chain to support 4Ocean’s “Buy A Bracelet – Pull A Pound” campaign, a global ocean clean-up effort funded by selling 4Ocean’s signature bracelets across Red Planet Group hotels in Japan, Thailand, Indonesia, and the Philippines.

4Ocean’s “Buy A Bracelet – Pull A Pound” campaign is quickly growing into a global movement. With the trash it collects from the world’s oceans, 4Ocean manufactures stylish bracelets, and every bracelet purchased funds the removal of half a kilo of trash from oceans and coastlines.

Red Planet’s Chief Executive Officer, Tim Hansing, said, “Red Planet is delighted to support the cleaning of our oceans with such a well-respected and dedicated partner. 4Ocean has an important environmental mission, and they have already removed 500 tons of trash from the world’s oceans. Most of the hotels we have developed are in island nations that thrive on healthy oceans, and we believe that we should do our part in ensuring their sustainability for future generations.”

Red Planet plans to double the 30 hotels currently in operation over the coming three to five years. As the number of hotels increases, so will the clean-up impact on our oceans as the partnership with 4Ocean expands.

Simon Gerovich, Chairman of Red Planet Hotels, added, “A large percentage of our guests are Asian millennials who are looking for ways to contribute to the betterment of our environment. Understanding their values has been a cornerstone of our rapid growth over the last eight years, and we are delighted to partner with 4Ocean in selling their bracelets to let our guests easily participate in such an important initiative.”

Each Red Planet Hotel front desk will sponsor a video display explaining the importance of the 4Ocean mission in cleaning oceans. The 4Ocean signature bracelet is priced at the local currency equivalent of 20 dollars and is available for purchase at Red Planet Hotel’s front desk and via the Red Planet app and website.

About Red Planet HotelsRed Planet Hotels, founded in 2010, is a privately-owned regional hotel group focused on Asia’s expanding budget hotel sector. The company owns and operates 30 hotels in Indonesia (7), Japan (5), the Philippines (13), and Thailand (5) for a total of 4,783 rooms. Eight additional hotels, comprising 1,769 rooms, will open across Japan, Thailand, and the Philippines in 2019 and 2020. These hotels will open using Red Planet’s robust and scalable technology platform, providing both advanced reservation software, ensuring a fast and efficient booking process, and local attraction guides for customers. Red Planet comprises a stylish budget hotel offering, with all its properties centrally located and equipped with high-speed Wi-Fi. Red Planet’s companies based in Jakarta (Red Planet Indonesia - PSKT:IJ) and Tokyo (Red Planet Japan - 3350:JP) are listed on the Indonesian and Japanese stock exchanges, respectively. For more information, please visit: www.redplanethotels.com

about red planet hotels

Red Planet Hotels, founded in 2010, is a privately-owned regional hotel company focused on Asia’s expanding budget hotel sector. The company owns and operates 30 hotels in Indonesia (7), Japan (5), the Philippines (13), and Thailand (5) for a total of 4,783 rooms. Red Planet plans to continue growing its portfolio through the acquisition of existing properties and the development of new hotels.